Infosys Q2 PAT seen up 6.6% at Rs 2439cr: Kotak Securities
Prabhudas Lilladher has come out with its earnings estimates on Infosys for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 4.2% at Rs 10015.2 crore, Quarter-0n-Quarter (QoQ) basis.
October 11, 2012 / 11:05 IST
Kotak Securities has come out with its earnings estimates on Infosys for September quarter FY13. According to the research firm, the company's Q2FY13 sales are likely to go up by 4.2% at Rs 10015.2 crore, Quarter-0n-Quarter (QoQ) basis.
The company's net profit is seen up 6.6% at Rs 2439.5 crore, QoQ.Infosys has stopped giving quarterly guidance. Kotak Securities expect the company to increase the annual revenue guidance marginally, because of the Lodestone acquisition. However, with continuing uncertainty on pending decisions (largely discretionary spends), the company may remain conservative while giving the annual organic growth guidance. With sharp currency appreciation towards the end of the quarter, the company may re-set the INR EPS guidance lower, we believe. However, if it reduces the volume growth guidance, it will be negative for the stock. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
